You can also view your account activity, check order status and balances and get real-time quotes. Funds available for withdrawal are the funds in a brokerage account that may be withdrawn in the form of a check, wire or EFT Electronic Funds Transfer. Funds available for withdrawal include cash, open orders, unsettled trades, free cash and pending withdrawals such as checks and Electronic Funds Transfers EFT. Account holders can purchase, exchange and redeem mutual funds online.
Account holders can also view your account activity, order status and check balances. To buy a new fund, you must have cash in the brokerage cash or sweep account. You can exchange money between funds within the same fund family. For security reasons, proceeds from non-USAA mutual fund redemptions must go into the brokerage cash account.
To have money moved from your cash account, contact a member services representative. He receives a total of shares of stock. Margin borrowing and trading involves benefits and risks, particularly in volatile markets.
These include the risk of losing more funds than you deposit in the margin account. If the value of the investments in your margin account falls, you could get a maintenance call. If you are unable to add equity to the account to meet the maintenance call, USAA Investment Management Company can sell securities in your account without first informing you and you are not entitled to choose which securities or other assets in your account are liquidated or sold.
The maintenance margin requirements can be increased at any time without advance written notification. Rich, the margin investor, could experience twice the losses of a cash investor like Dave. Maintenance requirements will vary depending on the security type, volatility, and make up of holdings within an account.
View our Margin Policy for detailed information. Because of market volatility, heavy trade volumes and large price swings involving Internet stocks, margin maintenance requirements for some of these securities have increased. It can take up to 72 hours to approve a Margin Agreement. The Transfer Funds tool allows moving money in and out of eligible accounts. The stock certificates must be registered identically to your brokerage account.
Send us a request in writing, signed by all new account owners, along with a new account application. Instead, SIPC helps individuals whose money, stocks and other securities are stolen by a broker or put at risk when a brokerage fails for other reasons. SIPC coverage does not protect against market loss.
For details, please see www. To learn more about the FDIC, visit their website at www. All optional dividend elections will be made based on each accounts profile on the record date of the action. Please note that this may take up to two weeks from the payable date. Investing in securities products involves risk, including possible loss of principal. Examples given are hypothetical illustrations and not necessarily an indication of the benefits or features of any USAA product.
USAA and its affiliates do not provide tax advice. Taxpayers should seek advice based upon their own particular circumstances from an independent tax advisor. Products View All Products. Advice View All Advice Center. Advice Libraries Articles Infographics. What can we help you find today? Start of Content Expand All. What stocks transactions can I do on usaa. Can I download my account activity to Quicken or Microsoft Money?
What are funds available for withdrawal? What items are included in funds available for withdrawal? What mutual fund transactions can I do on usaa. How exactly does margin work? A margin account allows you to borrow money in order to invest in securities.
Here's an example of buying on margin: However, as with any form of investing, buying on margin has risks you must understand. What are the risks involved with buying on margin? Here's an example of the risk involved in buying on margin: Are margin maintenance requirements the same for all securities?
Why are the margin maintenance requirements for Internet stocks different than the rates for other stocks? How do I add margin trading privileges to my brokerage account? Can I move money from my brokerage account to my bank account? How can I deposit stock certificates that I am holding to my brokerage account? Date the certificate and write your brokerage account number underneath your signature. How do I change my account ownership?
Which states are community property states? How will my Optional Dividend be handled? If you have elected to have dividends reinvested on a security we will automatically elect the stock option for your account. If you have elected to have dividends remain in cash, we will automatically elect the cash option for your account. Any changes made to your dividend profile after record date will be effective for the next dividend payment.
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